Financial Services and Markets Act 2000
2000 CHAPTER 8
Commentary on Sections
Schedule 7: the Authority as Competent Authority for Part Vi
Paragraph 2: The Authority's general functions
812.This paragraph disapplies the Authority's general duties under section 2 by ensuring that the definition of its general functions in section 2(4) does not include functions of the competent authority under Part VI. (Section 2(4)(b) is not mentioned since the competent authority does not have a statutory function of making codes.) However the competent authority is placed under a separate obligation, by section 73, to follow analogous principles.
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